Landscape of Molecular Diagnostic Market Outlook: Ken Research

 The molecular diagnostics market comprises of sales of molecular diagnostics services and correlated products. The Molecular diagnostics is a term castoff to pronounce a class of techniques that are utilized to examine biological markers in the genetic code (genome) of an organism and to regulate how their cells prompt their genes as proteins.

According to the report analysis, ‘Molecular Diagnostics Market Global Report 2020-30’ states that the worldwide molecular diagnostics market was worth USD 8.62 billion in 2019. It is projected to increase at a compound annual growth rate (CAGR) of 8.82% and reach USD 12.09 billion by 2023.

The improvements in genomics and proteomics is a foremost trend influencing the growth of the molecular diagnostics market. Polymerase chain reaction (PCR) is a present improvement in genomics and supports in discovering fresh approaches to molecular diagnosis for disease diagnosis and pathogenesis of syndromes. This allows better monitoring and a dissolute diagnosis and foremost organizations are participating to have a competitive authority. Following the trend, Genome Canada, a source of backing for genomics and proteomics, broadcasted plans to invest USD 16 million among the period April 2015 and March 2017. The increasing research in proteomics and genomics will help improve more advanced molecular diagnostic techniques in the review period.

During August 2018, Bruker Corporation, an American based manufacturer of scientific instruments for molecular and materials research announced plans to obtain the majority stake in Hain Lifescience GmbH for undisclosed amount. This acquisition will support Bruker to enlarge its existence in attractive microbiology and virology infectious syndrome MDx markets, and add the tuberculosis and mycobacteria testing, virology and in human genetics MDx, and a tube for multiplex syndromic panel testing to it's portfolio. Hain Lifescience GmbH is an infectious ailment molecular diagnostics (MDx) specialist and delivers solutions for detecting microbial and viral pathogens, antibiotic resistance testing, and human genetic syndromes.

For instance, during 2013, the FDA has tried to create a new regulatory system for LDTs (laboratory-developed tests) that are formally governed under the Clinical Laboratory Improvement Amendments (CLIA) and does not come under the purview of the FDA. However during 2017 senior officials distributed a draft suggestion known as the Diagnostic Accuracy and Innovation Act (DAIA) to attend as the basis for the generation of a new regulatory system for LDTs. The complication involved in regulatory and legal requirements that smears to molecular diagnostics tests is projected to restrict the growth of the molecular diagnostics market.

Whereas, the worldwide prevalence of infectious diseases and cancers of dissimilar forms propels the molecular diagnostics market. The growing prevalence of infectious diseases and several types of cancer generates a requirement for new diagnostic processes including fast and detailed molecular diagnostic tests. According to the International Agency for Research on Cancer (IARC), during 2018, there were 17.0 million new cancer cases and 9.5 million cancer deaths around the globe, and by 2040, the number is projected to augment to 27.5 million new cancer cases and 16.3 million cancer. The growing prevalence of cancer around the globe increases the requirement for molecular diagnostic tests for operative diagnosis of cancer over the forthcoming years, thereby underwriting to the growth of the market.

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Global Molecular Diagnostics Market

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Market Research Subscription Model | Ken Research

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Dossier 360 is a Market Research Subscription Model that compromises a comprehensive collection of over 10,000+ Finest Industry Reports, Press Releases, Investment, and Economy news, 30,000+ equity and private enterprise reports, Due Diligence Reports collated from 100+ Renowned Universal Publishers and Sources. The platform deals with access to the broadest gathering of relevant and credible news and business gratified including inclusive news, company news, industry updates, country analysis, supervisory information, and public records. The premium subscription platform offers a streamlined and spontaneous interface which makes it informal for the user to admittance to the subscription platform.

Additionally, the finest podium of Dossier 360 provides admittance to over 30,000+ company reports which comprehensively cover aspects comprising Company Overview, Financials, Growth Plans, Funding, Operating Performance, Team Hierarchy and Headcount, Power and Weakness, and deliberate Strategic Decisions. Not only has this, but the Industry Reports on Dossier360 podium also provide extensive exposure on business intelligence and operational advice-giving in multiple industries containing automotive, healthcare, education, logistics, building, and construction, food and beverage, agriculture, plastics & chemicals, media & entertainment, energy & utilities, BFSI Research Report Subscription. These reports make available insights regarding economic shifts, evolving technologies, regulatory developments, client insights, market trends, market opportunities & threats, and the competition picture.

Why Choose Dossier 360?

• Vast Repository Of Intelligence: Admittance To Up To Date Interactive 10,000+ Industry & Company Reports, Financial And Investment News (Premium), Equity Reports, Competition Benchmarking And Valuation/ Rating Reports.
• Extensive Coverage: Reports Are Exceedingly Extensive In The Scope Containing Buying Behavior Analysis, Market Segmentation On Numerous Levels, Trends, Barriers, Growth Drivers, Investment Model, Market Sizing At Numerous Levels, Government Conventions, Product Portfolio, And Competition Benchmarking.
• Cost-Effective: Admittance On A Subscription Basis; Consumers That Cannot Afford Premium Market Intelligence Reports On A Per Report Basis Will Get Admittance To Our Repository On Pay As You Usage Basis.
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Who Can Use Dossier360?

The end users are bodies that consume intelligence on an unvarying basis to deliver their business goalmouths but don’t have the capability to pay on a per report basis. The amalgamation of outstanding content and cutting-edge pursuit features makes Dossier360 a superlative solution for:

• Sales and Business Development Team

• Educational Institutions (B-Schools, Universities and Other Institutes)
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• Investment Banking
• Consulting Companies
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Our analyst consultation industry bodies and connotations, government organizations, and industry recitalists to get on-the-ground exploration for all our publications. This reassurances data quality and preserves us provide our consumers time-critical and actionable shrewdness which they can proceed to explain real complications or encompass their business. 

Ken Research assurances providing seamless and evocative insights for the future growth and chances with a research conception to sustenance you in winning a clear image of the market. An acquaintance in market research tolerates our team to inaugurate cognizant decisions and endorsements for disheartening perils and certify a path of supportable growth. 

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Rising Development Of Nigeria Agriculture Market Outlook: Ken Research

Nigeria Agriculture could be a branch of the economy in Nigeria, providing employment for approximately 35% of the population. It’s the most supply of livelihood for many Nigerians. The Agricultural sector is formed from four sub-sectors: Crop Production, Livestock, Forestry and Fishing. The country could be a leader in varied forms of agricultural production, like palm oil, cocoa beans, pineapple, and sorghum. It’s the biggest producer of sorghum within the world just afterward the United States, and ranks fifth within the production of palm oil and cocoa beans. Nigeria is additionally a big global nuts exporter.

According to the report analysis,’ Nigeria Agriculture Market Trends, Statistics, Growth, and Forecasts’ The Nigeria government has been supporting the agriculture business with a variety of policies, trying to stabilise the output and making ways to ensure the sector is expanding healthily and sustainably. The Nigeria federal government has been exceedingly supportive of agriculture for periods, and there is broad party-political consent as to the requirement for land, labour and tax improvement to support the sector reach its probable. Nigeria keeps its initial rank in the world in terms of farming production, manufacturing huge quantities of rice, wheat, and cotton and fishery product. The new strategy demand a lot of efforts to confirm the availability of key farm product, promoting the supply-side structural reform and, a lot of significantly, enhancing environmental protection moreover as pollution bar and waste treatment. Despite the fast development of Nigeria’s agriculture sector, issues emerge in respect to a spread of aspects, together with the shrinking productive land, the deteriorating ecological standing of surroundings thanks to the significant use of fertilisers and pesticides, and also the issue of food security.

The country has done efforts to integrate new agricultural technologies to upgrade the sector’s potency and increase land productivity. The high prices and low profits of agricultural production are the most important internal inhibitors of Nigeria’s agriculture sector. They’re conjointly the first issue proscribing the expansion of farmers’ financial gain and resulting in shrinking of the labour force in agriculture.

The government has adopted a variety of multi-year policies, like pledge to double farmer incomes and become independent in pulses over an unspecified short amount. However, reform must go abundant deeper, particularly considering the actual fact that within the years to 2050, agriculture is anticipated to supply livelihoods for concerning the agricultural population, despite current urbanisation within the country. Federal Republic of Nigeria has taken economic process seriously and desires to feed its whetted craving. Nigeria’s agriculture sector provides livelihoods to households in rural areas. Beside biological science and fisheries, it's one among the most important contributors to Nigeria’s gross domestic product.

Furthermore, the Federal Republic of Nigeria government has for many years actively supported the agriculture sector through mechanisms like plant food subsidies, and relaxed disposal conditions, amongst others, permitting farmers to own a good estimation of their revenues and set up for consequent agricultural season consequently. Through a network of public establishment and numerous programmes and schemes, Nigeria agriculture and regional authorities are attempting to shield agricultural producers and boost production. Therefore, it is expected that the Nigeria market will boost up throughout the forecast amount.

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Nigeria Agriculture Market

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Namibia Agriculture Market Trends, Statistics, Growth, and Forecasts

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The Importance of Industry Performance Benchmarking | Ken Research

 A go-to-market strategy is an essential portion of product creation. It well-defines how a business should extent out its consumers and obtains competitive assistance. It effectively ambitions on the market section that should be pursued, the channels that should be exploited, and the resolution that should be an advocate to them. A compact go-to-market (GTM) strategy can intensification your chances of constructing your next product unveiling an accomplishment. Additionally, by following a measured path when constructing your go-to-market strategy, you can catalog when it’s time to pivot from or scrap an idea early on, bypassing unnecessary losses.

It efficaciously delivers an action plan that lightens how to reach your objective customers and better compete in your marketplace. Sprouting a go-to-market strategy is precarious to the achievement of your B2B organization. Not only has this, but the go-to-market strategy also brings together widespread foremost elements that boost your business such as marketing, sales, scattering, pricing, brand enrichment, consumer insights, and competitive analysis. Your go-to-market strategy is what sureties you are not messing up all the hard purpose you have put into an achievement to where you are now.

Know your Target Customers strategy of Ken Research is a stroke schedule. It synopses the steps a community entails to take to embellishment in a fresh market or with fresh listeners. It commendably advances why you are beginning an afresh product as well as who it is for and how you are going to convenience it. Ken Research’s Company Recruitment Strategy also ambitions on the disputes the consumers will face once shown with the product, which will, in turn, the conservation you to function on developing appreciation. Nonetheless, the go-to-market program can be developed for inaugurating or launching a changed product or services as well as for marketing fundamental products. In addition, our Value Unlock Approach to a blossoming Go-to-market application for your Organization patronages bringing into line your Business with pioneering openings, while fulfillment a strident focus on invulnerable Top-line Growth.  

In addition, we function punctiliously with your team and backing your Organization with a customized method that arranges in a line with your precise goals. Our blueprint will convey you a sharp bottom-up explanation of the market and arrange the target customer fragments, to speedily transform decisions to actions. Furthermore, we have a deep understanding of the Business Atmosphere in several emerging geographies likewise Saudi Arabia, UAE, Oman, Vietnam, Philippines, Indonesia, and numerous others, in segments such as Retail, Consumer Products, Automotive, Logistics, Manufacturing & Construction, Chemicals, Agriculture, Defense, Healthcare, Education, Media, and Financial Services. We patronage you in all fragments of your growth journey.

Moreover, with our go-to-market strategy, you comrade your offering to your clients with more than a few channels. Distribution channels can clinch entities such as wholesalers, retailers, distributors, and even the internet. A distribution channel is the apportionment of the downstream allowance, in which the product shipping from the preliminary supplier to the end consumer.

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Increasing Trends in Biosimilar Market Outlook: Ken Research

 The biosimilars market involves of sales of biosimilars and associated services that are cast-off to treat chronic sicknesses such as diabetes, arthritis, and cancer. The Biosimilars are pharmaceuticals that are produced using cell lines and offers no clinical difference as linked to biologics. The Biosimilars are made once the patent of biologics is deceased.

According to the report analysis, ‘Biosimilars Market Global Report 2020-30’ states that the worldwide biosimilars market was worth USD 7.79 billion during 2019. It is predicted to augment at a compound annual growth rate (CAGR) of 31.70% and reach USD 23.63 billion by 2023.

Additionally, the production of fresh insulin biosimilars is trending in the biosimilars market. The foremost players functioning in the biosimilars market are contributing in generating a biosimilar of insulin. This is also encouraging competition amongst several biosimilar producers. For instance, during 2019, Mylan, a U.S-based pharmaceutical company, in partnership with Biocon, an Indian grounded biopharmaceutical company launched biosimilar insulin glargine named Semglee. Also, during 2019, Oramed Pharmaceuticals, a Jerusalem based pharmaceutical company improved an oral insulin drug named ORMD-0801 to indulgence type 2 diabetes. Thus, corporates in the biosimilars market are underwriting in the improvement of insulin biosimilar to obtain the profits.

During June 2018, Japan-based Fuji Pharma Co., Ltd. obtained a 4.2% stake of Alvotech for USD 50 million. The acquisition comprises Alvotech to advance, produce and supply biosimilars and Fuji Pharma will sell the biosimilars during Japan. The Alvotech is an Iceland-based biopharmaceutical organization.

While, the shortage of awareness about biosimilars amongst the primary care physicians (PCPs) and specialists restricts the growth of the biosimilars market. Biosimilars are produced from cell lines and offer the similar effectiveness as biologics. However, shortage of familiarity with biosimilars decreases the likelihood of suggesting the drugs to patients which affects the requirement for fresh biosimilars in the market. For instance, during 2018, according to the PwC's Health Research Institute, out of 442 clinicians surveyed 55% of clinicians were unfamiliar with the biosimilars and 35% were disinclined to prescribe them owing to concerns involved protection of the follow-on biologic. Thus, the shortage of awareness about biosimilars amongst the primary care physicians (PCPs) and specialists limits the growth of the biosimilars market.

Whereas, the effective growth in the prevalence of chronic diseases such as arthritis, asthma, and cancer is predicted to be a foremost driver of the biosimilars market. Long working hours, restricted physical activity, unhealthy eating and drinking habits underwrite to the pervasiveness of chronic syndromes and biosimilars are progressively used to cure these chronic syndromes. Biosimilars activate the immune system rejoinder against the cancer cells thus supporting the immune system to eradicate the cancer cells from the body. According to a United Nations article, by 2030 the proportion of worldwide deaths owing to chronic diseases is predicted to augment to 70% of total deaths. The worldwide burden of chronic disease is predicted to reach nearly 60%. Therefore, the augment in the prevalence of chronic diseases is predicted to propel the demand for biosimilars, thus influencing the biosimilars market.

For More Information, Click on the Link Below:-

Global Biosimilars Market

Related Reports:-

Global Biosimilars Market - Increasingly Lucrative Market Fueled by Constrained Payer Environment and Patent Expiries for Best-Selling Biologics

Global Biosimilars Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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Ankur Gupta, Head Marketing & Communications

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Forthcoming evolution Of Namibia Agriculture Market Outlook: Ken Research

Agriculture is one amongst Namibia’s most vital sectors. The majority of Namibia’s population be determined by directly or indirectly on the agricultural sector for their livelihoods. Agriculture’s contribution to Gross Domestic Product (excluding fishing) over the last five years has been simply over four percent. Livestock farming contributes to roughly two-thirds of agricultural production, with crop farming and biological science creating up the remaining third of production. The country contains of poorly vegetated steppe-like areas leading in southern and western regions, the Namib Desert within the west on the Atlantic Ocean, the Kalahari Desert within the southeast, extensive savannah and woodlands in the central and north-eastern areas, and subtropical forests within the far north-eastern regions. Five perennial rivers are found along the borders with neighbour countries; all alternative rivers are peripheral.

The report analysis,’ Namibia Agriculture Market Trends, Statistics, Growth, and Forecasts’ To guard native farmers, to encourage larger production of grain merchandise, and to fulfil its food security goals the government (via the Agronomic Board) has established policies to manage bound grains. White maize, wheat, mahangu (pearl millet), and product resulting from these three grains are measured.  Controlled grain harvests will solely be imported or exported with authorisations issued by the Agronomic Board and therefore the Ministry of Agriculture, Water and Forestry (MWAF). Despite its marginal contribution to Gross Domestic Product (GDP), the agriculture sector remains central to the lives of the majority of the bulk of population. Directly or indirectly, it helps over 70 percent of the country's population. The sector may be divided into two distinct sub-sectors: the capital intensive, comparatively well developed and export bound industrial sub-sector; and the subsistence-based, high-labour, low-technology communal sub-sector.

Namibia’s agriculture sector is forced by a range of challenges. This section outlines a number of the main challenges, the Government’s responses to those and therefore the remaining gaps. Restricted human and institutional capacity, updating policy and turning it into observe, Lack of coordination on food and nutrition security problems, Weak access to agricultural knowledge by policy manufacturers and farmers, Low crop productivity, Livestock health problems, Low in-land fish production, Inadequate land use plans, Inadequate capability in land valuation, Constraints in post-settlement support services to farmers on re-settled land and Constraints in sustainable forestry management. Food safety has been a prime concern for Namibia consumers, particularly regarding farm turnout like grains, meat, vegetables and seafood. Recent scandals have somewhat dampened consumers’ confidence in food safety, and in response, the government has introduced rules to boost up food safety and strengthen quality observance.

In addition, the rising demand for high-quality agricultural merchandise versus their restricted offer ultimately ends up in multiplied imports.  Namibia’s agriculture sector delivers livelihoods to households in rural areas. Besides with forestry and fisheries, it is one amongst the biggest contributors to Namibia’s GDP.

Furthermore, the Federal Republic of Namibia government has for many years actively supported the agriculture area during mechanisms like plant food subsidies, and comfortable discarding circumstances, amongst others, approving farmers to specific a good approximation of their incomes and set up for consequential agricultural season consequently. Through a setup of public establishing and many programmes and schemes, Nigeria agriculture and regional establishments are trying to protection agricultural producers and enhancement production. Therefore, it is expected that the Namibia market will boost up throughout the forecast amount.

For More Information, refer to below link:-

Namibia Agriculture Market

Related Report:-

Paraguay Agriculture Market Trends, Statistics, Growth, and Forecasts

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Different Developing Innovations around Veterinary Orthopedic Implants Market Outlook: Ken Research

 The veterinary orthopedic implants market comprises of sales of veterinary orthopedic implants and linked services. Veterinary orthopedic implants are utilized by veterinary surgeons for bone fixation surgeries, treating bone fractures in animals and are frequently made of metals such as pure commercial titanium (Ti) or titanium alloys, stainless steel, cobalt-chromium (Co-Cr) alloys. The orthopedic implants are also utilized as a support structure for medicinal fractures and reconstructive surgeries. Orthopedic implants comprise screws, plates, pins and wires which are utilized in the surgeries functioned on animals.

According to the report analysis, ‘Veterinary Orthopedic Implants Market Global Report 2020-30’ states that the worldwide veterinary orthopedic implants market was worth USD 98.11 million during 2019. It is probable to augment at a compound annual growth rate (CAGR) of 7.64% and reach USD 131.71 million by 2023.

The extraordinary cost of orthopaedic surgery obstructs the growth of veterinary orthopaedic implants market. The surgery cost embraces the equipment, X-ray, and consumables amongst others, which various of the households cannot have the funds for. For instance, around the USA, a typical examination of the problem expenses around USD 400 and the cost of orthopaedic surgery assortments from USD 1,500 to USD 4,000. Thus, the high fee of orthopaedic surgery impedes the growth of the veterinary orthopaedic market.

The corporates in veterinary orthopaedic implants market are participating in 3D printing approach for generating veterinary orthopaedic implants. 3D printing in the veterinary orthopaedics market is being employed for generating printed bone models, surgical attendants and titanium implants. The usage of 3D printing decreases the surgical time, cost and eradicated the engineering complexities in orthopaedic processes. Following the trend, several dogs with bone deformities have been preserved by Langford Veterinary Services, a UK based provider of veterinary services, through its cooperation with CBM. The collaboration empowered CBM to generate 3D printed models of animal implants exhausting titanium Ti6AI4V EL material. The MRI or CT scans are sent from Langford Veterinary Services in Bristol to CBM who then introduces 3D printed models optimizing the Arcam EBM Q10plus machine. CBM is a U.K based corporate aimed on advanced research, product improvement, and batch manufacturing facility. Thus, the convention of 3D printing is one of the modern trends in the veterinary orthopaedic implants market and will indorse to the growth of the market.

Nonetheless, the effective increase in the incidence of obesity and arthritis augments the requirement for veterinary orthopedic implants market. Obesity is a situation where the weight of the pet disturbs the pet's health to a point where it results in dwindling of bones, whereas arthritis in pets results in injury of strength in bones. Obesity and arthritis may also result in fractures and many other bone-joint connected issues and both the conditions result in unfavorably affecting the entire health of the pet, subsequently leading to abbreviate lifespan. Thus, the augment incidents of obesity and arthritis increases the requirement for veterinary orthopedic implants. Therefore, in the upcoming years, it is anticipated that the market of veterinary orthopedic implants will increase around the globe more effectively over the forthcoming years.

For More Information, Click on the Link Below:-

Global Veterinary Orthopedic Implants Market

Related Reports:-

Global Veterinary Orthopedic Implants Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Global Veterinary Orthopedic Implants Market Analysis 2013-2018 and Forecast 2019-2024

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Future Growth Of Paraguay Agriculture Market Outlook: Ken Research

Paraguay agriculture has been the mainstay of the economy. This trend has continued these days and within the late 1980s the agricultural sector usually accounted for 48 percent of the nation's employment, 23 percent of GDP, and 98 percent of export earnings. The area comprised a sturdy food and crop base, an oversized livestock subsector as well as cattle ranching and beef production, and an exciting timber manufacturing. Paraguay agriculture leading agricultural merchandise are soybeans, indigenous cattle meat, cassava, indigenous pig meat, whole fresh cow milk, wheat, maize, hen eggs, sugar cane and indigenous chicken meat.

According to the study analysis,’ Paraguay Agriculture Market Trends, Statistics, Growth, and Forecasts’ The Paraguay government has been supporting the agriculture trade with variety of policies, attempting to stabilise the output and seeking ways in which to make sure the sector is expanding healthily and sustainably. The Paraguay federal government has been extremely adjuvant of agriculture for many years, and there is broad political accord on the necessity for land, labour and tax reform to assist the sector reach its potential. Owing to supportive policies, the agriculture sector’s performance has been rising steadily in recent years. Paraguay keeps its first rank within the world in regards of farming output, manufacturing huge quantities of rice, meat, poultry, eggs and fishery products. The new strategy necessitates additional efforts to make sure the availability of key farm merchandise, promoting the supply-side structural reform and, additional importantly, enhancing environmental protection also pollution prevention and waste treatment. Despite the rapid development of Paraguay’s agriculture sector, issues emerge in reference to a various of aspects, together with the shrinking arable land, the deteriorating ecological standing of environment because of the heavy utilization of fertilisers and pesticides, and so the problem of food security. There is conjointly much room to enhance in terms of rising the use of machinery and advanced technologies within the agriculture sector.

The country has created efforts to integrate developed agricultural technologies to boost the sector’s potency and raise land productivity. The extraordinary prices and little profits of agricultural production are the main internal inhibitors of Paraguay’s agriculture sector. They are conjointly the first issue limiting the expansion of farmers’ financial gain and resulting in shrinking of the labour force in agriculture.

The government has adopted a variety of multi-year policies, like a pledge to double farmer incomes and become independent in pulses over an unspecified short-term period. However, reform has to go a lot of deeper, particularly considering the actual fact that within the years to 2050, agriculture is predicted to supply livelihoods for regarding half the rural population, despite ongoing urbanisation within the country. Paraguay has taken economic process seriously and desires to feed its whetted craving. Paraguay’s agriculture sector provides livelihoods to households in rural areas. In conjunction with forestry and fisheries, it is one in all the most important contributors to Paraguay’s GDP.

Furthermore, the Paraguay government has for many years actively supported the agriculture sector through mechanisms like fertilizer subsidies, and relaxed offering conditions, amongst others, letting farmers to own a good approximation of their incomes and arrange for the successive agricultural time consequently. Through a network of public establishments and numerous programmes and schemes, Paraguay’s federal and regional authorities are attempting to safeguard agricultural producers and boost production. Therefore, it is expected that the market of Paraguay Agriculture will boost up throughout the forecast period.

For More Information, refer to below link:-

Paraguay Agriculture Market

Related Report:-

Romania Agriculture Market Trends, Statistics, Growth, and Forecasts

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Qatar Retail Restaurant Industry is driven by large young and diverse urban population, rising levels of disposable income and heavy tourism traffic in the country: Ken Research

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Favorable Demographics and Income Levels: Qatar’s economy has grown by over ~150% (inflation-adjusted) over the last decade. More than 2Mn people in the country lying between the age group of 20-49 yrs while ~99% population living in urban areas having a median income of ~QAR 20,000-QAR 25,000 per month. This has translated into a boost in per capita expenditure levels on discretionary activities such as eating out in the country. It has become a major source of entertainment for cultural reasons as well as a climate that impedes outdoor activities for most of the year.

Impact of COVID on Retail Restaurant Market: Many Restaurant chains in Qatar shut down their outlets in 2020 due to shifting in consumer behavior from Dining out to cooking at home with a preference for more healthy and organic dishes. Restaurants such as Cheesecake Factory laid off their workers due to loss of revenue and difficulty in cash flow management. All types of Retail Outlets started focusing on Online Food Deliveries as well as protective measures such as face masks, regular checking of temperature, and more.

High Diversity in Qatar Population: Qatar has observed one of the highest rates of growth in the world with its population growing fourfold in the last 15 years. Economic blue-collar migrants from Asia and Africa as well as professional and managerial staff from across the world account for more than 80% of Qatar’s population. Middle income and high-income expatriates are key customer segments for Casual, QSR, and Fine Dining Outlets while cafeterias target blue-collar customers. This ethnic diversity of the workforce has led to the introduction of a range of cuisines from all across the world in the country.

Construction Projects are undertaken by the Government: Construction of new malls, supermarkets, metro stations as well as purpose-built, family-friendly entertainment locations with heavy tourist influx, such as Souq Waqif, Katara, and the Pearl have provided ample space for expanding dining facilities such as QSRs, Cafes, and Casual/Fine Dining Outlets in the country.

The report titled "Qatar Retail Restaurant Industry Outlook to 2025-Hosting of FIFA 2022 Worldcup is Anticipated to Drive Number of Domestic and International Visitors” by Ken Research suggested that the Retail Restaurant Industry of Qatar is expected to grow in the near future due to heavy tourist influx owing to upcoming sports events (FIFA World Cup 2022) in the country. Moreover, initiatives are taken by Government under Qatar National Vision 2030 including construction of planned communities, development of new malls and hotels will also play a major role in the industry’s future growth. The Industry is expected to register a positive five-year CAGR of 6.9% in terms of revenue during the forecast period 2020-2025F.

Key Target Audience: -

Restaurant Chains, Hotel Chains

Food Aggregators

Catering Companies, Real Estate Companies

Potential Market Entrants

Time Period Captured in the Report:

Historical Period – 2014-2020

Forecast Period – 2020-2025F

Companies Mentioned:

Casual Dining Outlets-

Asha’s

Biella

The Noodle House

The Cheesecake Factory

Yasmine Palace

Caravan Bukhara

Burj Al Hamam

Melenzane

Layali

Neo

L’wzaar Sea Food

PF Chang’s

Vapiano

Fine Dining Outlets-

La Mar

La Spiga

Hakkasan

Isaan

Nusr-Et

Market by Jean Georges

Cafes-

CAF

Starbucks

Volume Cafe

Café Vergnano

Rosemary Cafe

Coffee Beans and Tea leaf

Caribou Cafe

QSRs/Burger Chains-

Subah W Masa

Zaatar W Zeit

Elevation Burger

Fat Burger

McDonalds

KFC

Sandwich Factory

Five Guys

Hotel Chains

W Hotel

Intercontinental Doha

Wyndham Grand Regency Doha

Double Tree by Hilton

Ritz-Carlton Doha

Key Topics Covered in the Report: -

Socio-Demographic Outlook of Qatar

Snapshot on Food & Beverage Industry

Retail Restaurant Services Industry in Qatar (Market Size and Segmentation)

Competitive Landscape of Firms (Operational Performance, Financial Performance, Company Profiles)

Challenges and risk to the Retail Restaurants

Operating Model of Casual Dining Outlet in Qatar

Regulations and Certifications applicable to industry

For More Information on the research report, refer to below link: -

Future Growth of Retail Restaurant Services Industry in Qatar

Related Reports by Ken Research: -

Qatar Catering Services Industry Outlook to 2024 (Third Edition) – Analyzing potential of incumbents to host World Cup 2022

Qatar Catering Services Market Outlook to 2022 - By Event Catering, Industrial, Education, Flight, Healthcare, Corporate and Other Catering

Saudi Arabia Canned Food Market Outlook to 2022 - by Product Categories (Canned Dairy, Canned Meat, Canned Fish, Canned Cooking Sauces, Canned Legumes and Beans and Canned Fruits and Vegetables), by Distribution Channels (Bakalas, Hypermarkets, Supermarkets, Others), by Regional Sales (Riyadh, Jeddah, Mecca-Medina, Dammam and Others), by End User (Hotels, Restaurants and Catering Companies, Fast Food Outlets and Retail Consumers)

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Future of Global Parking Management Market: Ken Research

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Parking management refers to strategies that result in the more proficient use of parking resources. Parking management systems assist people in quickly find parking spots and also provide the requisite guidance for making the entire process smooth, reduce confusion, and enhancing the visitor experience. These systems include parking alerts in real-time, traveler information systems, video surveillance, vehicle tracking in real-time, and easy payment options. Many advanced parking management systems need users to make phone/internet reservations and pay for a parking space.

According to study, “Parking Management Market: Market Segments: By Component (Solution and Services); By Parking site (Off-street Parking and On-street Parking); By Deployment Type (On-premises and Cloud); By Application (Transport Transit, Commercial and Government); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030” some of the key companies operating in the global parking management market are Infocomm Group LLC, DEPLOT, TIBA Parking, Q-Free ASA, Siemens AG, SAP SE, Passport Inc., Bond Traffic Solutions, Nex Valet LLC, Amano McGann, Parkmobile USA Inc., FlashParking Inc. The key players operating in parking management are forming partnerships with automakers for developing advanced parking assistance solutions for Advanced Driver Assistance Systems (ADAS) applications. They are also helping the public-private establishments monetize on the accessible parking facilities.

Based on components, the market is segmented as services and solutions. Services include system integration & deployment, consulting services, and support & maintenance. Solutions include revenue management, access control, parking reservation management, security & surveillance, valet parking management, and others. Based on the parking site, the market is segmented as on-street parking and off-street parking. The off-street parking segment is further sub-segmented as lot parking and garage parking. The on-street segment holds the major share in the global market due to growth in adoption by government authorities across the globe. Based on the deployment model, the market is segmented as cloud and on-premise deployment. The cloud-based segment dominates the market owing to multiple advantages offered by the cloud. Based on application, the market is segmented as government, commercial, and transport transit. In addition, based on end-user, the market is segmented as retail, healthcare, government, corporate & commercial parks, academia, BFSI, transportation, recreation, hospitality, and others. The government sector is anticipated to witness a higher growth rate because of growth in a number of smart city projects in developed regions during the forecast period.

The market is driven by rising in demand for optimum utilization of parking spaces, followed by Proliferation of mobile & smart-phones, rise in urban population to actuate smart parking management, the surge in demand for seamless traffic flow & reduction in fuel consumption, and growth in adoption of cloud, IoT, and data analytics technologies. However, system integration complexities and high implementation costs may impact the market. Moreover, the emergence of autonomous cars, the increase in smart city initiatives across the globe, and the rise in demand for innovative parking management solutions are key opportunities for the market.

Based on geography, the North-American region holds the major share in the global market owing to growth in technological advancements coupled with the early adoption of parking management in the region. The Asian-Pacific and European regions are estimated to witness a higher growth rate due to an increase in government expenditure on smart city development over the forecast period. It is expected that the future of the global market will be bright as a result of growth in demand for Artificial Intelligence (AI)-based services during the forecast period.

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Global Parking Management Market Analysis

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